(Xinhua) -- Diamond operations in
Zimbabwe are among the best in Africa despite criticism by some
Western-backed organizations, a Kimberly Process Certification
Scheme (KPCS) official said Wednesday.
Ahmed Bin Sulayem said this after touring diamond mines in
Chiadzwa in eastern Zimbabwe this week.
"The mines in Marange are in one of the best conditions
compared to other mines in Africa," Bin Sulayem was quoted as
saying by the state-run news agency New Ziana.
The KP chairman was in Zimbabwe on a familiarization tour of
the country’s diamond industry.
The KP, an international body charged with preventing trade
of conflict diamonds, once banned Zimbabwe from selling its
diamonds on allegations of human rights abuses in Chiadzwa.
The country, however, regained KP certification in 2010 but
the country continues to receive criticism from Western backed
The government early this year consolidated operations of the
seven diamond firms in Chiadzwa into one firm, the Zimbabwe
Consolidated Diamond Company, in which the government owns 50
percent while the firms which previously owned the ventures
share the remaining 50 percent.
The government said it forced the move to increase
transparency in diamond marketing but this raised fears in some
quarters that the country could once again attract sanctions
from the KPCS.
Discovered in 2006, the Chiadzwa fields are estimated to
contain deposits that have capacity to supply 25 percent of
While the diamond sector had been widely expected to spur
economic revival efforts, it has however grossly
According to the government, rough diamond output for 2016 is
expected to fall far below the projected six million carats,
after only 972,000 carats were produced in the first half of the
Zimbabwe scraps double
taxation with China to boost co-operation
HARARE Zimbabwe (Xinhua) --
The Zimbabwean government enacted a law
last week to remove double taxation for individuals and firms
doing business between Zimbabwe and China to boost economic
cooperation between the two nations.
Under the Statutory Instrument, investors in any of the two
states would only be taxed in their country of operation in a
move that is also expected to improve the ease and cost of doing
business for expatriate workers of both countries.
"Agreement shall apply to taxes on income imposed on behalf
of Contracting States or of its local authorities, irrespective
of the manner in which they are levied," reads part of the
The law follows an agreement concluded between Zimbabwe and
China early this year to relieve double taxation of income
earned in one jurisdiction by the resident of the other.
The law also clarifies, standardizes and guarantees fiscal
treatment of tax payers who engage in business in the two
countries to protect them against double taxation.
Economic cooperation between Zimbabwe and China has grown
steadily in recent years, with China now being Zimbabwe’s
biggest foreign investor and second largest trading partner.
Bilateral trade between the two countries reached 1.24
billion U.S. dollars in 2014.